"Even though today we're not in a recession, the trajectory of the U.S. is one of a slowdown," Daco noted. "Whether payrolls, the unemployment rate, layoffs, they all point to a slowdown in employment." How does a recession start? Recessions can start in a number of ways, from fin...
What is the jobless rate for foreign-born workers? Employees who were born outside the U.S. had a lower jobless rate last year than native-born workers, the BLS said. Foreign-born workers had an unemployment rate of 3.4% in 2022, compared with 3.7% for people born in the U.S., ...
What is the probability that 9 of the employees in the sample work at the plant in Texas (to 2 decimals)? Binomial Distribution: The binomial distribution is one of the discrete probability distributions which is used when the chances of happening of a...
They’re the absurdly wealthy who have more wealth than the remaining 99% (based on data from Credit Suisse). But what does it take to be in the 10%? 20%? Is it still stunningly wealthy? Or does the line drop quickly? We know that the average net worth of Americans is lower than...
A. What is the historical relationship between rates of unemployment and inflation in the U.S. economy? B. What are the most current figures for the unemployment rate and the inflation rate? C. What does this say about the U.S...
and is carried out to this day; it remains the source of much of the government's data about the labor force, including the monthly unemployment rate and other key measures. While the Census Bureau still collects the data, the Bureau of Labor Statistics has been responsible for analyzing and...
Once unemployment ran out (what a joke that is) we were forced to sell off household goods, furniture, computers etc, just to pay rent. Our savings was eaten up in medical bills. We finally got SNAP, but because he missed a meeting of Work First, they cut the food assistance in half...
The Great Recession is notable, not just because it’s a not-too-distant memory for many. It’s also the most severe recession the U.S. has experienced since the Great Depression. Millions of people lost homes and jobs; The unemployment rate reached 9.5% during the Great Recession (it ho...
That signals the battle against inflation isn't yet over, though the November inflation report was in line with economists' expectations. At the same time, the unemployment rate has inched higher this year, sparking concerns from the Fed about weaknesses in the labor market, and helping open th...
"In contrast, transportation and warehousing industries are expected to be revised higher," he wrote. "It's not surprising that the leisure and hospitality sector is the most volatile." Does this affect the unemployment rate? The revisions don't impact the jobless rate because that's calculated...